Advantages of Feed Premixes: Feed premixes offer enhanced nutritional benefits and improved feed efficiency compared to using multiple separate ingredients. 

Rising Demand for Compound Animal Feed: The increasing preference for compound feed is driven by the need for vitamin and mineral-enriched foods to meet the nutritional requirements of animals. 

Growing Meat Product Safety Awareness: As consumers become more conscious of meat product safety, the demand for quality feed premixes is on the rise. 

DSM-Firmenich AG (Switzerland) BASF SE (Germany) Archer Daniels Midland Company (U.S. Cargill, Incorporated (U.S.) Nutreco N.V. (Netherlands) InVivo Group (France) Jubilant Pharmova Limited (India) Koninklijke Coöperatie Agrifirm U.A. (Netherlands) Dansk Landbrugs Grovvareselskab a.m.b.a. (Denmark) 

By Type: The combination premixes segment is expected to dominate in 2024, accounting for 31.1% of the market. The demand for compound feed enriched with vitamins and minerals drives this segment's growth. 

By Form: The powder segment is projected to hold a substantial 92.7% share in 2024 due to its advantages over liquid premixes, such as better homogeneity, ease of handling and transport, and improved stability. This segment is also expected to grow at a CAGR of 4.7% through 2031. 

By Application: Poultry feed is anticipated to lead the market with a 46.0% share in 2024, driven by rising poultry meat consumption and farming. The aquafeed segment is forecasted to experience the highest growth rate of 5.4% during the forecast period, propelled by the global demand for fish products and the expanding aquaculture industry. 

By Geography: Asia-Pacific is expected to command the largest market share of 36.6% in 2024, attributed to the growth of the compound animal feed industry, rapid economic development, and rising investments in countries like India, China, Indonesia, and Thailand. This region is also projected to have the highest growth rate of 5.5% over the forecast period.